Simplicity Wealth LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Simplicity Wealth LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,180 shares of the ride-sharing company’s stock after purchasing an additional 409 shares during the quarter. Simplicity Wealth LLC’s holdings in Uber Technologies were worth $1,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC raised its position in shares of Uber Technologies by 1,034.9% during the 4th quarter. AlphaQuest LLC now owns 4,778 shares of the ride-sharing company’s stock worth $288,000 after purchasing an additional 4,357 shares during the period. OFI Invest Asset Management bought a new position in Uber Technologies in the 4th quarter worth approximately $9,101,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in Uber Technologies by 10.1% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 193,194 shares of the ride-sharing company’s stock worth $11,653,000 after buying an additional 17,657 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Uber Technologies by 16.9% in the 4th quarter. Personal CFO Solutions LLC now owns 7,096 shares of the ride-sharing company’s stock worth $428,000 after buying an additional 1,024 shares in the last quarter. Finally, Fairfield Financial Advisors LTD grew its holdings in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.38 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a fifty day simple moving average of $70.92 and a 200 day simple moving average of $71.62. The firm has a market cap of $159.55 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Tigress Financial increased their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. decreased their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is owned by corporate insiders.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.